Fisker filed for Chapter 11 bankruptcy protection late on Monday, ending months of speculation over the future of the company. Now the EV maker is looking to sell its assets and restructure its debt after pausing production of its sole car model back in March.
To anyone familiar with the Ocean all-electric SUV, news of Fisker’s bankruptcy may have been predictable. WIRED tested the Fisker Ocean in July 2023 but, due to the obviously unfinished nature of the test car, was left in the unprecedented position of being unable to score or rate the EV. Our test Ocean was plagued with squeaky pedals, an inoperative California mode (where the EV drops all its windows save the windscreen) that forced a switch in car mid-test, and poor handling.
After manufacturing issues and cash flow problems, Fisker admitted during its quarterly earnings in February that it might not have enough money to…
